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20121112
20121120
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don't, because then they would have put nancy pelosi in charge of the house of representatives. >> david, do you buy that? democrats gain in both the house and the senate. the president won the popular vote, well over 300 electoral votes and by big majorities, they told exit pollsters they agree with the president's position on tax policy. >> well, whether the president has a mandate is a matter of opinion. whether he has power is a matter of fact. this president now has enormous power, because of the expiring of all these various tax measures and because of the advent of the sequester. he's in a situation where he's in a doomsday contest with the republicans, but the doomsday bites republican constituencies harder than those of democrats and of course, the president doesn't have to face re-election so even if doomsday arrives he has less to fear from it than the republicans do. so he's in a very powerful position. and republicans are going to have to be very savvy about how they play this. to go back to your original question, about why -- what was the cause of the defeat, we'
when you saw nancy pelosi out there. you saw john boehner out there saying we are hopeful we can get a deal done. and the market had a positive reaction to that. yet it lost that upside throughout the day, teetered back and forth between positive and negative territory. finally, closing the day out positive, so perhaps that suggests that maybe we are a little bit closer. but here's the thing, randi, they've got to get something done. they've got to solve this issue. because if not, the consequences are severe. >> but you listen to some people, and they suggest that fears of fallen off the cliff are overblown. what are the real consequences here? >> the real consequences are another recession. i mean, i can tell you every ceo that i'm talking to right now says i'm not making major decisions. i'm waiting. i'm standing by the sidelines. i can't hire a lot of people, i can't invest in a lot of infrastructure because i don't know what the landscape is going to be in the next 45 days. i don't know what the landscape is going to be in the next three months. so there's a lot of holdup. now,
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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